Scottish Building Society
 | |
| Company type | Building Society (Mutual) |
|---|---|
| Industry | Banking Financial services |
| Founded | 1848 |
| Headquarters | Edinburgh, Scotland, UK |
Number of locations | 6 |
Key people | Paul Denton (chief executive) |
| Products | Savings and Mortgages |
| Total assets | £740.7 million GBP (January 2024) [1] |
| Members | 33 600 (January 2024)[1] |
Number of employees | 102 |
| Website | www |
Scottish Building Society is a building society with the Head Office based in Edinburgh, Scotland. It is the oldest remaining building society in the world, the only independent building society based in Scotland and the 24th largest in the United Kingdom based on total assets of £740.7 million at 31 January 2024.[1] It is a member of the Building Societies Association.
The Society has six branches in Aberdeen, Edinburgh, Galashiels, Glasgow, Inverness and Troon.
History
[edit]Scottish Building Society was established in 1848 as the Edinburgh Friendly Property Investment Company. It changed its name to the Scottish Building Society in 1929.[2]
On 1 February 2013, the Scottish Building Society merged with its Edinburgh competitor Century Building Society. As a result of the merger, it became the only remaining building society to be headquartered in Scotland.[3]
In 2023 it celebrated its 175th anniversary. As part of the 175th anniversary celebrations, the Society launched the Scottish Building Society Foundation in partnership with Foundation Scotland. To date, 17 charities across Scotland have received awards, totalling almost £60,000 towards local causes.
References
[edit]- ^ a b c "Financial Information | Scottish BS". www.scottishbs.co.uk. Retrieved 11 June 2020.
- ^ "General Information - History". Scottish Building Society. Retrieved 15 May 2024.
- ^ "FSA confirms Century Building Society merger with the Scottish Building Society". 8 January 2013.
External links
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